For One Wall St. Chief, a Super Payout in 2008
-Mr. Gabelli’s publicly traded investment firm, paid him $46 million last year
– Even though Gamco’s assets under management declined 33 percent & revs 16 percent less than in the previous year
– the whole firm reported a $25 million profit
– Mr. Gabelli got base salary, no bonus, no stock options and no restricted stock awards in 2008.
To show our appreciation of his voluntary efforts in the field of asset management, we are asking for small donations. Please forward them on to me, I will be sure he gets them